The biggest challenge faced by the global automotive industry is meeting the regulations and standards set regarding the emissions of exhaust gases such as Carbon Dioxide (CO2), Nitrous Oxide (NOx) and Particulate Material (PM) from automobiles. Another challenge is increasing demand for fuel-efficient vehicles from consumers as well as governments. These challenges have led to the OEMs and component manufacturers to invest their resources in developing technologies which can help the automobiles to comply with the various government regulations set in different regions.

Turbocharger offers the benefits of both, improved fuel economy and reduction in emissions. The scenario which is prevailing in the global automotive industry has fueled the adoption of turbochargers across all the vehicle segments. Turbochargers utilize the exhaust gases from the engine to compress the air and feed it back to the engine to create a better air to fuel ratio. This generates a better
combustion and provides a boost for the vehicle. This has enabled the OEMs to downsize their engines without sacrificing the performance and fuel efficiency of the vehicle. Adoption of diesel turbocharger is comparatively higher than gasoline turbocharger. However, the penetration of gasoline turbocharger is estimated to increase at a promising rate in the near future.

This report classifies the turbocharger market based on region (Asia-Oceania, Europe, North America and Rest of the World (RoW)), fuel type (Gasoline and Diesel), vehicle type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle) and technology (VNT/VGT, Wastegate and Twin-turbo). Major countries with the market size in terms of volume (‘000 units) and value ($Million) are covered for each of the region. The top players of the industry are profiled in detail with their recent developments and their strategic industry activities. It also provides an overview about the turbocharger technologies, engine downsizing trend, and emissions and fuel economy norms in key countries of each region. The report also provides the qualitative aspects of the turbocharger market such as drivers, restraints, opportunities and the key issues which are affecting the manufacturers and the market for turbochargers.

The global automotive turbocharger market size in terms of value is projected to grow at a CAGR of 10.12% from 2014 to 2019. In 2014, the turbocharger market is estimated to be dominated by Europe with a value share of 44.3% followed by Asia-Oceania with 35.8%. The North American market is estimated to have a market share (value) of 15.8% in 2014.

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The turbocharger market is estimated to reach $18.1 Billion by 2019, with a projected CAGR of 10.12%, indicating the potential of fuel-efficient technologies.

Turbochargers are forced induction systems where the air flowing into the engine is compressed by these turbochargers. The major advantage of compressing the air is that it lets the engine accumulate more air into a cylinder of the engine. More air, in turn, accumulates more fuel into the cylinder. With more fuel undergoing explosion inside the engine, more power is generated which gives the required boost to the engine. These turbochargers are used in both diesel and gasoline driven passenger cars and commercial vehicles. Variable geometry turbine (VGT)/variable nozzle turbine (VNT), Wastegate, and Twin-turbo are the three prominent technologies used in automotive turbocharger.VGT/VNT turbochargers are mainly used in passenger cars due to its excellent performance in low displacement engines, whereas wastegate turbochargers are used in commercial vehicle applications as it offers fuel efficiency over engine performance.

It is estimated that Europe will be the largest market for turbocharger with a market share by volume of 43.8% in 2014. It is followed by Asia-Oceania with a market share of 37.4%. The market share by volume of North America in 2014 is estimated to be about 14.7% as the penetration of turbocharger is competitively low in this region. It is projected that the diesel turbocharger segment will grow at a higher rate as compared to gasoline turbocharger segment.The growth in demand for turbocharger is mainly due to the implementation of emission norms which limits the emission of harmful gases such as Carbon Dioxide(CO2) and Nitrous Oxide(NOx) from vehicles. Another factor which has driven the demand is downsizing of engines owing to the need for fuel-efficiency in the wake of global rise in fuel prices.

This report covers the market for turbochargers based on Vehicle Type (Passenger Car, LCV & HCV), fuel type (gasoline & diesel), technology (VNT/VGT, wastegate& twin-turbo), and region (Asia-Oceania, Europe, North America and Rest of the World (ROW)). All the market estimates given are in terms of volume (‘000 Units) and value ($million).

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“The turbocharger market is estimated to reach $18.1 Billion by 2019, with a projected CAGR of 10.12%, indicating the potential of fuel-efficient technologies.”

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